FMI has announced Temperature Sensors Market size and Key Trends in terms of volume and value 2015-2025

Future Market Insights has announced the addition of the “Temperature Sensors Market: Global Industry Analysis and Opportunity Assessment 2015-2025" report to their offering.

Temperature sensors is gaining a lot of popularity and its increasing importance due to its usage in varied number of applications such as automotive, electronics, aerospace, healthcare, petrochemical. Companies are investing huge in research and development activities of temperature sensors, especially developed countries to enhance its functionality and product innovation. With rapid advancement in technology and increase usage of temperature sensor instruments in various industrial applications, the market for temperature sensors market is growing at a positive rate globally.

Recently, US Naval Research Laboratory and UNL Engineers designed a next generation temperature sensor set for the improved measurement of marine biology, climate patterns and military operations. It can register a smaller temperature changes of approximately 30 times the speed of existing commercial counterparts. At the tip of the fused silica glass, researchers have attached a small silicon pillar. It transfers the heat at ease and then combined with the small size of sensor, which then allows the silicon to register these changes at a faster rate.

Temperature Sensors Market: Drivers & Restraints

Increasing demand for high performance sensor instruments, technological advancements, increase innovation, increasing trends of security and surveillance, increasing demand of consumer electronics, increasing intervention of Government for environmental and safety concerns, are the important market drivers for temperature sensors market.

Though temperature sensors are lot in demand, but it has a lot of constraints too like, lack of skilled professionals and high cost of operation and devices, are some of the barriers which are hampering the growth of temperature sensors market.

Temperature Sensors Market: Segmentation

Temperature sensors market is broadly classified on the basis of the following segment –

By Product:

Thermistor

Temperature Sensor IC

Resistive Temperature Detector

Thermocouple

Bimetallic Sensors

Fiber Optic Sensors

Others

By Application:

Consumer electronics

Automotive

Healthcare and Medical

Environmental

Aerospace and Defense

Power Generation

Petrochemical

Others

Temperature Sensors Market: Overview

Temperature sensors market has grown substantially at a healthy CAGR due to recent advancements in the technology and increasing demand in applications. Asia Pacific will emerge as the fastest growing region for temperature sensors market due to increasing demand for high performance sensors. China and India will be contributing the most in temperature sensors market.

Temperature Sensors Market: Region-wise Outlook

The temperature sensors market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, temperature sensors market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific is the fastest growing market specially in the countries like China and India. Developed countries like Europe would see a slower growth rate.